Liquid staking protocols hit combined TVL of $14B

The TVL (Total Value Locked) of liquid staking protocols has surpassed the $14B mark, making liquid staking the second largest DeFi sector.

Matrixport Seeks To Raise $100M To Hit $1.5B Valuation

Matrixport targets $100M in funding to attain a $1.5B valuation after securing $50M from its undisclosed investors.

Matrixport’s Exposure To FTX Impacts 79 Users

Matrixport’s Earn products were affected by the insolvency of FTX, resulting in losses to 79 clients.

Matrixport Acquires $50M Insurance Coverage With Lloyd’s Syndicate

Matrixport signed a $50M insurance policy with Lloyd Syndicate to protect itself from any liquidity issues that may arise due to the crypto winter.